US Treasury Secretary Scott Bessent will meet with Chinese officials in Stockholm next week to discuss extending the deadline for new tariffs, signaling a possible truce in the ongoing trade dispute.
The talks come as President Trump pushes for higher tariffs on several countries, including the EU, Canada, and the Philippines, with an August 1 deadline looming for new duties. While some officials have called the deadline 'hard,' Bessent has suggested there may be flexibility if negotiations are productive. The outcome of these talks could impact global markets and supply chains, as both sides seek to avoid steep new tariffs.
Meanwhile, the US has announced new trade deals with Indonesia and the Philippines, imposing significant tariffs on their imports.
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